Like many folk over the summer holiday, I played around with ChatGPT, a natural language AI.
Being an economist, I asked for the meaning of Opportunity Cost, a foundation concept in economics. The response was deadly boring.
So I asked it to flick a switch and give it as a sonnet:
Opportunity cost, a term so fine,
Refers to the cost of choice not made,
The next best option left behind,
When one decision is the one laid.It’s something we encounter every day,
From big choices to the small and meek,
But often we don’t stop and weigh
The cost of what we choose to seek.So think before you act, consider well,
The path you take and what it means to stray,
For opportunity cost will dwell
In every choice you make, come what may.So choose with care and wisely weigh,
ChatGPT
The cost of all the options in play.
This might be all a bit too much for those in the C Suites, so here is your executive haiku:
Opportunity lost
When a choice is made and done
Cost of the next best.
ChatGPT
Enjoy!
Lytton Advisory 